Intel's revenue growth has been in a downward trend in all products &
regions, since 2009. Intel's fundamental problem is its heavy dependence
on PCs, which is now a shrinking market. Industry growth is increasingly
driven by mobile devices. where Intel lags competitors Intel's 3D & 22nm
chips may not be enough to reverse ARM's lead.

Weak 2012 Q4 results and reduced guidance again;

The key issues this Q were weak PC sales, inventory de-stocking in the
supply chain,